MBC Group issues prospectus to float 33.25 mln shares on TASI

Logo of MBC Group

MBC Group announced the prospectus for offering 33.25 million shares in on Tadawul.

The Capital Market Authority (CMA) approved yesterday the application received from MBC to float 33.25 million shares, or 10% of capital on Tadawul.

The company’s capital currently stands at SAR 2.99 billion, divided into 299.25 million shares. A total of 33.25 million new shares will be issued for the IPO, so that the offered shares will constitute 10% of the group’s post-IPO capital, which will amount to SAR 3.325 billion (332.5 million shares), according to the prospectus.

The period for registering applications from participating parties and the process of book building will run for seven days from Nov. 30 to Dec. 6, 2023.

Meanwhile, the offering period will run for five days during Dec. 14-18, 2023.

The group's main activities are as follows:

- Free TV and radio broadcasting and supporting activities such as social media.

- Managing and operating the live media service platform, which includes video streaming on "Shahid" platform

- Production of series and films.

- Other businesses include interactive games, events, music and talent management.

The group is 60% owned by Istedamah Holding Co. (IHC), and Chairman Walid Al-Ibrahim by 40%.

Company Profile
Company	MBC Group
Market	Tadawul
Core Activities	TV broadcasting and channel subscription activities
Capital Pre-IPO	SAR 2.992 bln
Number of Shares	299.25 mln
Capital after IPO	SAR 3.325 bln
Number of shares after IPO	332.5 mln

IPO Summary
Issue Percentage		10% of post-IPO capital
Number of Shares Offered		33.25 mln
Qualified Subscribers		Participating Parties, Retail Investors
IPO Minimum Size for Retail Investors		10 shares
IPO Minimum Size for Institutional Investors		50,000 shares
IPO Maximum Size for Retail Investors		250,000 shares
IPO Maximum Size for Institutional Investors		16.62 mln
Institutional Offer Period and Book Building		From Nov. 30 to Dec. 6, 2023
Retail Offering		From Dec. 14-18, 2023
Final Allocation		Dec. 21, 2023
Refund (if any)		Dec. 27, 2023

Special Information
Financial Advisor, Lead Manager, Institutional Bookrunner and Underwriter		HSBC Saudi Arabia – JP Morgan Saudi Arabia - SNB Capital
Lead Manager		HSBC Saudi Arabia
Receiving Banks		Saudi National Bank - Riyad Bank - Arab National Bank - Banque Saudi Fransi
Major Shareholders
Shareholders	Before IPO			Post-IPO
	Number of shares (mln shares)		Ownership (%)	Number of shares (mln shares)	Ownership (%)
Walid Ibrahim Al-Ibrahim	119.70		40%	119.70	36%
Istedamah Holding Co.	179.55		60%	179.55	54%
Public	--		--	33.25	10%
Total	299.25		100%	332.50	100%

MBC Group posts SAR 46.3M earnings in H1 2023

For More IPOs

MBC Group Prospectus

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